North American Palladium to Host Fourth Quarter 2010 Results Conference Call and Webcast on February 24

TORONTO, ONTARIO -- (Marketwire) -- 02/09/11 -- North American Palladium Ltd. ('NAP') (TSX: PDL) (NYSE Amex: PAL) will host a conference call and live webcast with its management team, including William J. Biggar, President and CEO, and Jeffrey A. Swinoga, Vice President, Finance and CFO, on Thursday, February 24, 2011 at 10:00 a.m. ET to discuss NAP's fourth quarter and year ended December 31, 2010 financial and operating results.

NAP will issue its 2010 fourth quarter and year end results news release after market close on Wednesday, February 23, 2011. The news release and quarterly report will be available on the Company's website at www.nap.com.

Conference Call and Webcast

Date:      Thursday, February 24, 2011
Time:      10:00 a.m. ET
Webcast:   www.nap.com
Dial in:   416-695-6616 or 800-355-4959
Replay:    905-694-9451 or 800-408-3053 (Passcode: 3135452)

The conference call replay will be available until midnight on March 9, 2011. An archived audio webcast of the call will also be posted to NAP's website.

About North American Palladium

NAP is a Canadian precious metals company focused on growing its production of palladium and gold in mining-friendly jurisdictions. The Company's flagship mine, Lac des Iles, is one of the world's two primary palladium producers. NAP also owns and operates the Sleeping Giant gold mine located in the prolific Abitibi region of Quebec. The Company has extensive landholdings adjacent to both its Lac des Iles and Sleeping Giant mines, and a number of exploration projects. NAP trades on the NYSE Amex under the symbol PAL and on the TSX under the symbol PDL.

Contacts:

North American Palladium Ltd.

Camilla Bartosiewicz

Manager, Investor Relations and Corporate Communications

416-360-7590 Ext. 7226
camilla@nap.com
www.nap.com